On April 26, 2026, Scallop Protocol, a DeFi platform on the Sui Network, suffered a $142,000 loss when an attacker exploited a legacy V2 rewards contract deployed in November 2023. The flaw involved an uninitialized variable allowing the attacker to drain the entire rewards pool without affecting core protocol functions or user deposits. Scallop quickly froze the compromised contract and restored normal operations within two hours, absorbing the loss from treasury reserves. The attacker has offered to return 80% of the stolen funds for a white-hat reward, while the team plans a full security review of all legacy contracts to prevent future breaches.
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
Sui has announced that the Hashi Global testnet will launch soon, featuring native Bitcoin as collateral within its DeFi ecosystem. This development could allow Bitcoin holders to use BTC directly in Sui-based decentralized finance applications witho...
